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PPP Loan Data — Hudson Hills Senior Living LLC,
North Bergen, NJ
Hudson Hills Senior Living LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: North Bergen, NJ
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Hudson Hills Senior Living LLC is a limited liability company (LLC) located at 3505 Bergen Tpke in North Bergen, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,177,400.00 in March, 2021.
The company has reported itself as a female owned business, and employed at least 179 people during the applicable loan loan period.
$ PPP Loan Information Loan #5532528509
Loan Size:
Jobs Retained:
179Loan Approved:
2021-03-01Loan Status:
Active Un-DisbursedLender:
First BankHudson Hills Senior Living LLC in North Bergen, NJ received a Paycheck Protection Loan of $1.18M through First Bank, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $1.18M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hudson Hills Senior Living LLC's 2019 payroll expenses are estimated to be at least $5.65M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $31,573 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hudson Hills Senior Living LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,177,400
Business Information - Hudson Hills Senior Living LLC in North Bergen, NJ
3505 Bergen Tpke
North Bergen, NJ 7047
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Bergen
In the North Bergen area, 6 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 179) and received an average PPP loan of $1,177,359 (compared to this company's $1.18M).
Similar Nearby Businesses Who Received PPP Funding:
Njfirst Home Health Care LLC
North Bergen, NJ
Njfirst Home Health Care LLC
North Bergen, NJ
Hudson Hills Senior Living LLC
North Bergen, NJ
North Bergen Healthcare LLC
North Bergen, NJ
North Bergen Health Care LLC
North Bergen, NJ
Industry PPP Comparison Statistics
Nationwide, 12,344 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6,309,173,862.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 69 employees, 61% lower than Hudson Hills Senior Living LLC's reported 179 employees, and received an average PPP loan of $511,113, 57% lower than this company's loan of $1.18M.
Hudson Hills Senior Living LLC
Entity: Limited Liability Company (LLC)
Industry: Nursing Care Facilities (Skilled Nursing Facilities)
Location: North Bergen, NJ
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•
Search All PPP Data
Hudson Hills Senior Living LLC is a limited liability company (LLC) located at 3505 Bergen Tpke in North Bergen, New Jersey that received a Coronavirus-related PPP loan from the SBA of $1,177,400.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 179 people during the applicable loan loan period.
$ PPP Loan Information Loan #2971497210
Loan Size:
Jobs Retained:
179Loan Approved:
2020-04-16Loan Status:
Ongoing LoanLender:
First BankHudson Hills Senior Living LLC in North Bergen, NJ received a Paycheck Protection Loan of $1.18M through First Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hudson Hills Senior Living LLC's 2019 payroll expenses are estimated to be at least $5.65M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $31,573 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hudson Hills Senior Living LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,177,400
Business Information - Hudson Hills Senior Living LLC in North Bergen, NJ
3505 Bergen Tpke
North Bergen, NJ 7047
Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Bergen
In the North Bergen area, 6 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 164 employees (compared to this company's 179) and received an average PPP loan of $1,177,359 (compared to this company's $1.18M).
Similar Nearby Businesses Who Received PPP Funding:
Njfirst Home Health Care LLC
North Bergen, NJ
Njfirst Home Health Care LLC
North Bergen, NJ
Hudson Hills Senior Living LLC
North Bergen, NJ
North Bergen Healthcare LLC
North Bergen, NJ
North Bergen Health Care LLC
North Bergen, NJ
Industry PPP Comparison Statistics
Nationwide, 12,344 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6,309,173,862.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 69 employees, 61% lower than Hudson Hills Senior Living LLC's reported 179 employees, and received an average PPP loan of $511,113, 57% lower than this company's loan of $1.18M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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